Hancock Whitney (HWC) Set to Announce Quarterly Earnings on Tuesday

Hancock Whitney (NASDAQ:HWC) is set to announce its earnings results after the market closes on Tuesday, October 15th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.11. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $359.11 million. During the same period in the prior year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect Hancock Whitney to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hancock Whitney Stock Performance

HWC stock opened at $52.50 on Monday. Hancock Whitney has a twelve month low of $32.16 and a twelve month high of $57.78. The business’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $48.39. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 12.35 and a beta of 1.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.65%.

Analyst Ratings Changes

HWC has been the subject of several analyst reports. Truist Financial lowered their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. DA Davidson lifted their price objective on Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler boosted their price objective on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Jefferies Financial Group lowered their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

Insider Activity at Hancock Whitney

In other news, Director Frank E. Bertucci sold 2,053 shares of Hancock Whitney stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the sale, the director now directly owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

About Hancock Whitney

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.